Hsbc Holdings PLC Decreases Holdings in Trimble Inc. $TRMB

Hsbc Holdings PLC trimmed its holdings in Trimble Inc. (NASDAQ:TRMB) by 23.7% in the first quarter, HoldingsChannel reports. The fund owned 1,880,476 shares of the scientific and technical instruments company’s stock after selling 584,178 shares during the period. Hsbc Holdings PLC’s holdings in Trimble were worth $122,593,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TRMB. Rothschild Investment LLC grew its holdings in shares of Trimble by 193.6% during the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 213 shares during the last quarter. DV Equities LLC bought a new stake in Trimble in the fourth quarter worth $26,000. Toth Financial Advisory Corp bought a new stake in Trimble in the fourth quarter worth $27,000. Bank of Jackson Hole Trust purchased a new stake in Trimble during the fourth quarter valued at about $27,000. Finally, Quarry LP boosted its position in Trimble by 175.8% during the third quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock valued at $30,000 after buying an additional 232 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on TRMB shares. Zacks Research downgraded Trimble from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Piper Sandler reduced their price target on Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Oppenheimer reiterated an “outperform” rating and issued a $80.00 price objective on shares of Trimble in a research report on Tuesday, July 7th. JPMorgan Chase & Co. dropped their price objective on Trimble from $88.00 to $75.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Finally, Barclays cut their target price on shares of Trimble from $103.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Trimble has a consensus rating of “Moderate Buy” and a consensus target price of $83.78.

Trimble Stock Down 1.9%

NASDAQ TRMB opened at $52.72 on Friday. Trimble Inc. has a 1 year low of $47.92 and a 1 year high of $87.50. The stock has a market capitalization of $12.29 billion, a PE ratio of 27.75, a PEG ratio of 1.76 and a beta of 1.38. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 0.88. The business’s 50-day moving average is $53.21 and its 200 day moving average is $63.49.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The business had revenue of $939.90 million during the quarter, compared to analyst estimates of $905.60 million. During the same quarter in the prior year, the company posted $0.61 EPS. Trimble’s quarterly revenue was up 11.8% compared to the same quarter last year. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. Sell-side analysts forecast that Trimble Inc. will post 3 earnings per share for the current year.

About Trimble

Trimble Inc (NASDAQ: TRMB) is a technology company that develops hardware, software and services to improve the productivity and connectivity of customers across the construction, agriculture, geospatial, transportation and logistics, and natural resources sectors. The company’s offerings center on advanced positioning technologies — including GNSS/GPS receivers, inertial sensors and laser scanning — integrated with application-specific software and cloud services to enable precise measurement, modeling, machine control and workflow automation for field and office operations.

Trimble’s product portfolio spans surveying and geospatial instruments (total stations, mobile mapping and terrestrial laser scanners), construction solutions (machine control systems, site positioning and estimating), agriculture systems (auto-steer, guidance and application-control platforms), and fleet and transportation telematics.